Consumption, income and earnings inequality in Britain

Review of Economic Dynamics

Volumn 13, Issue 1, 2010, Pages 76-102

  Blundell, Richard ^a   Etheridge, Ben ^a  

^a UNIVERSITY COLLEGE LONDON   (United Kingdom)

Author keywords

Consumption; Distributional Dynamics; Income; Inequality

Indexed keywords

EID: 72249086394     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.red.2009.10.004     Document Type: Article

References (34)

1. Aiyagari R. Uninsured idiosyncratic risk and aggregate savings. Quarterly Journal of Economics 109 (1994) 659-684
2. Atkinson A. Bringing income distribution in from the cold. The Economic Journal 107 441 (1997) 297-321
3. Atkinson A. The distribution of income in the UK and OECD countries in the twentieth century. Oxford Review of Economic Policy 15 4 (1999) 56-75
4. Atkinson A., and Piketty T. Top Incomes over the Twentieth Century (2007), Oxford University Press, Oxford
5. Attanasio O., and Davis S. Relative wage movements and the distribution of consumption. Journal of Political Economy 104 6 (1996) 1227-1262
6. Attanasio, O., Battistin, E., Leicester, 2006. Consumption, Income, and the Well-Being of Families and Children. IFS, London
7. Attanasio O., Berloffa G., Blundell R., and Preston I. From earnings inequality to consumption inequality. Economic Journal 112 478 (2002) C52-C59 March
8. Baker M. Growth-rate heterogeneity and the covariance structure of life-cycle earnings. Journal of Labor Economics 15 2 (1997) 338-375
9. Baker M., and Solon G. Earnings dynamics and inequality among Canadian men, 1976-1992: Evidence from longitudinal income tax records. Journal of Labor Economics 21 2 (2003) 267-288
10. Battistin, E., Blundell, R., Lewbel, A., 2009. Why is consumption more log normal than income? Gibrat's law revisited. IFS Working Paper 07/08
11. Blundell R. Welfare to work: Which policies work and why, Keynes Lecture 2001. In: Proceedings of the British Academy, November. http://www.ucl.ac.uk/~uctp39a/pub.html
12. Blundell R., and Hoynes H. Has "In-work" benefit reform helped the labor market?. In: Card D., and Freeman R. (Eds). Seeking a Premier Economy (2004), National Bureau of Economic Research, Chicago 411-459 Chapter 10
13. Blundell R., and MaCurdy T. Labour supply: A review of alternative approaches. In: Ashenfelter O., and Card D. (Eds). Handbook of Labor Economics (1999), North-Holland 1559-1695
14. Blundell R., and Preston I. Consumption inequality and income uncertainty. Quarterly Journal of Economics 113 (1998) 603-640
15. Blundell R., Gosling A., Ichimura H., and Meghir C. Changes in the distribution of male and female wages accounting for employment composition using bounds. Econometrica 75 2 (2007) 323-363 March
16. Blundell, R., Bozio, A., Laroque, G., 2008a. Taxation and the pattern of life-cycle hours and employment. Mimeo, Institute for Fiscal Studies
17. Blundell, R., Low, H., Preston, I., 2008b. Income risk and consumption inequality: A simulation study. Institute for Fiscal Studies WP08/13
18. Blundell R., Pistaferri L., and Preston I. Consumption inequality and partial insurance. American Economic Review 98 5 (2008) 1887-1921 December
19. Blundell R., Reed H., and Stoker T. Interpreting aggregate wage growth: The role of labour market participation. American Economic Review 93 4 (2003) 1114-1131 September
20. Brewer, M., Goodman, A., Muriel, A., Sibieta, L., 2007. Poverty and inequality in Britain: 2007a. IFS Briefing Note 73, http://www.ifs.org.uk
21. Brewer M., Sibieta L., and Wren-Lewis L. Racing away? Income inequality and the evolution of high incomes. IFS Briefing Note No. 76. http://www.ifs.org.uk
22. Cutler D., and Katz L. Rising inequality? Changes in the distribution of income and consumption in the 1980s. American Economic Review 82 (1992) 546-551
23. Deaton A., and Paxson C. Intertemporal choice and inequality. Journal of Political Economy 102 (1994) 384-394
24. Francesconi, M., Sutherland, H., Zantomio, F., 2006. A comparison of earnings measures from longitudinal and cross-sectional surveys: Evidence from the UK. ISER working paper
25. Gosling A., Machin S., and Meghir C. The changing distribution of male wages in the UK. Review of Economic Studies 67 4 (2000) 635-666
26. Guvenen F. Learning your earning: Are labor income shocks really very persistent?. American Economic Review 97 3 (2006) 687-712
27. Heathcote, J., Storesletten, K., Violante, G.L., 2004. The macroeconomic implications of rising wage inequality in the United States. CEPR discussion paper 4296
28. Heathcote, J., Storesletten, K., Violante, G.L., 2007. Consumption and labour supply with partial insurance: An analytical framework. CEPR discussion paper 6280
29. Huggett M. The risk free rate in heterogeneous-agent, incomplete-insurance economies. Journal of Economic Dynamics and Control 17 5-6 (1993) 953-969
30. Kaplan, G., 2007. Inequality and the lifecycle. Working paper, Department of Economics, NYU. February
31. Krueger D., and Perri F. Does income inequality lead to consumption inequality? Evidence and theory. Review of Economic Studies 73 1 (2006) 163-193
32. Meghir C., and Pistaferri L. Income variance dynamics and heterogeneity. Econometrica 72 1 (2004) 1-32
33. Storesletten K., Telmer C., and Yaron A. Consumption and risk sharing over the life cycle. Journal of Monetary Economics 51 (2004) 609-633
34. Tanner S. How much do consumers spend? Comparing the FES and National Accounts. In: Banks J., and Johnson P. (Eds). How Reliable is the Family Expenditure Survey? Trends in Incomes and Expenditures Over Time, IFS Report 57 (1998), IFS, London. http://www.ifs.org.uk/comms/r57.pdf